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Forget Recession, Canada needs 5.8M new homes by 2030

Location
Vancouver, Toronto, Calgary
Publish Date
2022/06/30

Canada needs an additional 5.8M homes by 2030.It will help lower avg home costs and ensure households are not spending > 40% of their disposable income on shelter. That target blows past the current projection of 2.3M new homes by 2030. (CMHC) As of May, typical home price was $823K, ↑ 50% than 2-yr ago, with values > $1M in the Vancouver and Toronto.

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Canada, Ottawa, Vancouver Island, Edmonton, Kelowna